Entrewealth LLC Buys Shares of 905 Microsoft Co. (NASDAQ:MSFT)

Entrewealth LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 905 shares of the software giant's stock, valued at approximately $381,000.

A number of other large investors also recently modified their holdings of MSFT. Geode Capital Management LLC grew its stake in shares of Microsoft by 2.0% in the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock worth $70,790,682,000 after purchasing an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Microsoft by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock worth $23,490,417,000 after buying an additional 2,125,030 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Microsoft by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 49,052,704 shares of the software giant's stock valued at $20,675,715,000 after buying an additional 1,823,579 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Microsoft by 1.1% in the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock valued at $16,104,959,000 after buying an additional 406,940 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of Microsoft by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 28,228,502 shares of the software giant's stock worth $11,898,314,000 after acquiring an additional 324,052 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Activity at Microsoft

In other news, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the transaction, the executive vice president now directly owns 98,010 shares of the company's stock, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the sale, the executive vice president now owns 134,888 shares in the company, valued at $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 131,743 shares of company stock valued at $58,375,673. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MSFT. Cantor Fitzgerald upped their target price on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. DA Davidson boosted their price target on shares of Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Raymond James increased their price objective on shares of Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Citigroup boosted their target price on shares of Microsoft from $480.00 to $540.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, Guggenheim reiterated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $513.13.

Microsoft Stock Up 2.3%

Shares of NASDAQ:MSFT traded up $10.51 during midday trading on Tuesday, hitting $460.69. 20,932,633 shares of the company's stock were exchanged, compared to its average volume of 21,585,267. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The company has a market cap of $3.42 trillion, a PE ratio of 37.09, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The stock has a 50 day moving average price of $403.62 and a 200-day moving average price of $414.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.94 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.72%. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

Microsoft Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.